The Prime Minister of Malaysia announces the exploration of cryptocurrency and blockchain policies

2025-01-15 15:03:43

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ChainCatcher news, according to the New Straits Times, Malaysian Prime Minister Anwar Ibrahim stated that the government is studying the formulation of digital financial policies to recognize cryptocurrencies and blockchain technology. He discussed with the Abu Dhabi government and Binance founder Changpeng Zhao during the Abu Dhabi Sustainability Week on how to promote the development of this field.

Anwar emphasized that cryptocurrencies and blockchain technology, similar to artificial intelligence, are rapidly changing the financial world, and Malaysia cannot fall behind. He suggested that the Ministry of Finance, the Securities Commission, and Bank Negara Malaysia conduct comprehensive research, and stated that the government will draw on international experiences, including those from Binance and the UAE.

He revealed that he would submit a relevant policy draft to the Cabinet and prioritize policy innovation in this field to break free from the constraints of the traditional financial system and move towards a new model of digital finance.

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